Ontario, Canada (CU)_ Goose Insurance is expanding its wings in both the United States and Canada. The MGA/MGU insurtech based in Vancouver, British Columbia, offers clients in both nations with an insurance app where they can search for several lines of personal coverage, such as life, travel, and property insurance. They also provide policy services for vehicle, scooter, and bicycle coverage, and other products.
The firm, which was established in 2018 with a nation-wide travel insurance product, currently provides numerous insurance products across Canada and thirty US states. Goose Insurance enjoys a strong customer base in the both nations with over one hundred thousand customers and has grown by 400 percent annually.
Omar Kaywan, co-founder and head of growth of Goose Insurance, said, “We went from one product in 2018, to nine products in 2020, to 25 products in 2022. We’re seeing significant growth and we’re excited for what the future holds … as we have ambitious goals to achieve.”
The firm has just twenty workers, some of whom are licensed agents in the United States and Canada. Kaywan stated that Goose Insurance has thus far collected around $5.8 million in seed funding and is aiming $10 million for its Series A financing, which is anticipated to conclude very soon.
Goose Insurance collaborates with several insurers, including AIG, Occidental Life, IMG, and Markel. Users download and register for the Goose Insurance app to have access to the company’s insurance products. Kaywan stated, “Once that’s done, then you can buy whatever insurance is available to you in that state, as well as whatever insurance products you are eligible for that you need”.
